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Subject:  Re: Hyield Date:  1/17/2006  10:48 AM
Author:  susan400 Number:  14993 of 36218

The driver is HY has been bid so high by yield chasers not
credit judges.

Or broadbrush, as reality strikes through, returns will go negative.

That is my hypothesis.

closed end junk funds is a way to do it but many sell at discounts to NAV already.
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